BP Annual Report and Form 20-F 2011 - Company Reporting

Notes on financial statements46. Condensed consolidating information on certain US subsidiaries continuedBalance Sheet$ millionAt 31 December 2011Issuer GuarantorBPExploration(Alaska) Inc. BP p.l.c.OthersubsidiariesEliminationsandreclassifications BP groupNon-current assetsProperty, plant and equipment 8,653 – 110,561 – 119,214Goodwill – – 12,100 – 12,100Intangible assets 456 – 20,646 – 21,102Investments in jointly controlled entities – – 15,518 – 15,518Investments in associates – 2 13,289 – 13,291Other investments – – 2,117 – 2,117Subsidiaries – equity-accounted basis 4,802 129,042 – (133,844) –Fixed assets 13,911 129,044 174,231 (133,844) 183,342Loans 46 38 5,113 (4,313) 884Other receivables – – 4,337 – 4,337Derivative financial instruments – – 5,038 – 5,038Prepayments – – 1,255 – 1,255Deferred tax assets – – 611 – 611Defined benefit pension plan surpluses – – 17 – 1713,957 129,082 190,602 (138,157) 195,484Current assetsLoans – – 244 – 244Inventories 167 – 25,494 – 25,661Trade and other receivables 4,109 17,698 49,753 (28,034) 43,526Derivative financial instruments – – 3,857 – 3,857Prepayments 7 – 1,279 – 1,286Current tax receivable – – 235 – 235Other investments – – 288 – 288Cash and cash equivalents (1) – 14,068 – 14,0674,282 17,698 95,218 (28,034) 89,164Assets classified as held for sale – – 8,420 – 8,4204,282 17,698 103,638 (28,034) 97,584Total assets 18,239 146,780 294,240 (166,191) 293,068Current liabilitiesTrade and other payables 5,035 2,390 73,014 (28,034) 52,405Derivative financial instruments – – 3,220 – 3,220Accruals – 28 5,904 – 5,932Finance debt – – 9,044 – 9,044Current tax payable 287 – 1,654 – 1,941Provisions – – 11,238 – 11,2385,322 2,418 104,074 (28,034) 83,780Liabilities directly associated with assets classified as held for sale – – 538 – 5385,322 2,418 104,612 (28,034) 84,318Non-current liabilitiesOther payables 9 4,264 3,477 (4,313) 3,437Derivative financial instruments – – 3,773 – 3,773Accruals – 35 354 – 389Finance debt – – 35,169 – 35,169Deferred tax liabilities 1,966 – 13,112 – 15,078Provisions 1,620 – 24,784 – 26,404Defined benefit pension plan and other post-retirement benefitplan deficits – 2,088 9,930 – 12,0183,595 6,387 90,599 (4,313) 96,268Total liabilities 8,917 8,805 195,211 (32,347) 180,586Net assets 9,322 137,975 99,029 (133,844) 112,482EquityBP shareholders’ equity 9,322 137,975 98,012 (133,844) 111,465Minority interest – – 1,017 – 1,017Total equity 9,322 137,975 99,029 (133,844) 112,482256 BP Annual Report and Form 20-F 2011